Fusion Markets is a major forex broker and has received a lot of praises from Intelligence Commissioner users. They have established themselves as an industry leader.
Fusion Markets is a broker that focuses on low-cost trading and accessibility for both new and seasoned traders. Fusion Markets aspires to deliver a comprehensive trading experience while preserving regulatory compliance and customer fund safety. Fusion Markets’ focus to low-cost trading, paired with its regulatory conformance and extensive customer service, puts it as a top alternative for traders looking for a dependable and cost-effective trading platform.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Fusion Markets Regulated? Do They Have a License?
Fusion Markets, an Australian forex and CFD broker, was founded in 2017 and officially debuted in 2019. Fusion Markets, operating as Gleneagle Asset Management, is regulated by numerous notable agencies, including the Australian Securities and Investments Commission (ASIC), the Financial Services Authority of Seychelles, and the Vanuatu Financial Services Commission. This regulation assures that Fusion Markets follows high financial standards, offering a secure and dependable environment for its clients.
Phil Horner, a seasoned veteran of the finance business with considerable experience, started the company with the objective of creating a broker that promotes low-cost trading without sacrificing service quality or security. This article delves into the essential features, account types, trading instruments, platforms, leverage, regulatory compliance, and customer service that distinguish Fusion Markets as a significant participant in the Forex and CFD trading business.
Checking the regulatory status of a forex broker is essential. However, there are multiple tiers of regulation as well.
Some popular regulatory authorities include FCA and CFTC.
Whether its Fusion Markets or another forex broker, it’s best to check if they are regulated by one (or more) of these authorities:
Commodity Futures Trading Commission (CFTC) – United States:
The CFTC is an independent agency of the U.S. government that regulates the futures and options markets. It also oversees the forex market, particularly ensuring the integrity of transactions and protection against fraud and manipulation.
National Futures Association (NFA) – United States:
The NFA is a self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency, and OTC derivatives. It ensures that every firm or individual conducting futures and forex business with the public must be registered and must comply with strict standards.
Financial Conduct Authority (FCA) – United Kingdom:
The FCA is a financial regulatory body in the UK that oversees financial markets, including forex. It ensures that financial markets operate with integrity and that consumers are protected.
Australian Securities and Investments Commission (ASIC) – Australia:
ASIC is an independent Australian government body that acts as Australia’s corporate regulator. It oversees financial markets and services, ensuring that financial markets are fair and transparent, and it also regulates forex brokers.
Financial Services Authority (FSA) – Japan:
The FSA in Japan oversees banking, securities, and exchange, as well as insurance sectors to maintain the stability of Japan’s financial system. It regulates forex trading and brokers to ensure the protection of investors.
Swiss Financial Market Supervisory Authority (FINMA) – Switzerland:
FINMA is responsible for financial regulation in Switzerland. It oversees banks, insurance companies, and financial markets, including forex brokers, ensuring they operate within a secure and transparent framework.
Cyprus Securities and Exchange Commission (CySEC) – Cyprus:
CySEC is the financial regulatory authority of Cyprus, which is a popular jurisdiction for forex brokers. It supervises and controls the operation of the Cyprus Stock Exchange and regulates forex brokers to ensure compliance with international standards.
Investment Industry Regulatory Organization of Canada (IIROC) – Canada:
IIROC oversees all investment dealers and trading activities on debt and equity marketplaces in Canada, including the forex market, ensuring that firms adhere to high standards of conduct.
Monetary Authority of Singapore (MAS) – Singapore:
MAS is the central bank and financial regulatory authority of Singapore. It oversees various financial institutions and markets, including forex, ensuring they are well-regulated and stable.
Financial Sector Conduct Authority (FSCA) – South Africa:
The FSCA is responsible for market conduct regulation and supervision of financial institutions in South Africa, including forex brokers, to ensure fair treatment of customers and the integrity of financial markets.
These regulatory bodies play a crucial role in maintaining the integrity of the forex market by enforcing rules and regulations, ensuring transparency, and protecting traders and investors from fraudulent activities.
Checking the regulatory status of brokers like Fusion Markets is quite beneficial. It inspires trust in the brand.
Trading Conditions and Deposit/Withdrawal Methods at Fusion Markets
Fusion Markets stands out in the competitive world of Forex and CFD trading due to its low-cost trading system. It provides some of the most competitive trading conditions in Australia, making it an appealing option for traders looking to maximise their profits.
One of Fusion Markets’ most significant advantages is its zero-spread trading on select accounts. This feature enables traders to enter and leave positions without paying the spread, lowering overall trading costs and raising possible profits.
Fusion Markets claims to have commission rates that are about 36% cheaper than those of its competitors. This focus to cost-effectiveness makes it more appealing to traders wanting to reduce trading costs. Fusion Markets reduces commissions, allowing traders to keep a larger portion of their gains and creating a more appealing trading environment.
Account Types
Fusion Markets provides a choice of account kinds tailored to meet the various demands of traders. Each account type is geared to different trading techniques and preferences, allowing clients to pick an account that meets their specific needs.
Zero Account: The Zero Account is created for traders looking for a zero spread, allowing them to trade with no difference between buy and sell prices. This account type is appropriate for people who value cost minimization and want to avoid the standard spreads associated with trading.
Classic Account: The Classic Account provides a conventional trading experience with competitive spreads. This account is ideal for traders who prefer a more traditional trading environment with clear pricing and consistent execution.
Fusion Pro Account: The Fusion Pro Account is designed for experienced traders who demand more advanced trading facilities and larger leverage options. This account offers a variety of professional trading tools and functionalities, making it perfect for experienced traders wishing to improve their trading techniques.
Demo Account: The Demo Account allows prospective clients to experience trading without incurring any financial risk. This account is a wonderful resource for new traders to become acquainted with the trading platform and practice their techniques in a risk-free environment.
Swap-Free Accounts: Fusion Markets also provides Swap-Free Accounts for traders who are unable to participate in swap trading owing to religious concerns. These accounts adhere to Islamic finance principles, allowing all clients to trade comfortably and according to their beliefs.
Fusion Markets offers traders access to a wide choice of trading products, allowing them to diversify their portfolios and capitalize on numerous market opportunities.
The broker provides over 90 currency pairings, ensuring that Forex traders have a diverse choice. This diverse assortment enables traders to access both main and minor currency pairs, as well as exotic pairs, catering to a variety of trading methods and tastes.
Fusion Markets provides an extensive range of CFDs on indices, commodities, and cryptocurrencies. This comprises assets like energy and soft commodities, which allow traders to profit on market moves and diversify their investments.
Traders can access CFDs on key US stocks, allowing them to speculate on the price swings of some of the world’s largest organizations. This tool exposes traders to the US equities market and allows them to profit from share price swings.
Fusion Markets provides multiple major trading platforms, allowing traders to select the one that best meets their needs and interests.
MetaTrader 4 and 5 are popular trading platforms, noted for their powerful trading tools and features. These platforms have comprehensive charting capabilities, a variety of technical indicators, and the ability to automate trading techniques, making them suitable for both new and experienced traders.
TradingView provides advanced charting and analytical tools, giving traders a full set of resources for market study. This platform is particularly popular with traders who want precise charting and a variety of technical analysis tools.
cTrader is another popular trading platform noted for its easy-to-use interface and automated trading capabilities. It offers a seamless trading experience, allowing traders to swiftly execute orders and use a variety of specialized trading tools.
Fusion Markets provides variable leverage options, allowing traders to modify their leverage based on their risk tolerance and trading strategy. The greatest leverage available depends on the client’s region and the sort of account they have.
Fusion Markets provides clients in Seychelles and Vanuatu with leverage of up to 1:500 for Forex and commodities. However, ASIC laws limit Australian clients to lesser leverage levels, such as 1:30 for key Forex pairings. This regulatory compliance ensures that Australian traders are safeguarded from excessive risk exposure while also allowing for leverage trading in other regions.
As a regulated broker, Fusion Markets follows tight financial regulations to protect customer funds and maintain high operational standards. This compliance is an important part of Fusion Markets’ commitment to provide a safe and reliable trading environment.
Client monies are held in segregated accounts at Westpac, one of Australia’s biggest banks. This fund segregation safeguards against insolvency and ensures that customer monies are kept separate from the broker’s operational funds. By following this approach, Fusion Markets demonstrates its commitment to protecting client funds and ensuring transparency.
Fusion Markets is overseen by several regulatory organizations, including ASIC, the Financial Services Authority of Seychelles, and the Vanuatu Financial Services Commission. This multi-jurisdictional regulation boosts the broker’s credibility and ensures adherence to international financial norms.
You should always check the trading conditions of a forex broker.
That’s primarily because they have a direct impact on your potential returns. Moreover, each forex broker such as Fusion Markets has distinct trading conditions.
A major part of checking the trading conditions of a broker is to verify their deposit and withdrawal methods.
In the case of Fusion Markets withdrawal, you can see that there are multiple options available.
It makes them accessible to traders. Furthermore, it ensures that people can trade freely.
Some major aspects to keep in mind are:
1. Spreads:
- Fixed Spreads: These remain constant regardless of market conditions. They are generally higher than variable spreads but provide predictability in trading costs.
- Variable (Floating) Spreads: These fluctuate based on market volatility and liquidity. They can be lower than fixed spreads during normal market conditions but can widen significantly during high volatility.
2. Leverage:
- Leverage allows traders to control a larger position with a smaller amount of capital. It is expressed as a ratio (e.g., 100:1, 200:1). Higher leverage can amplify both potential profits and potential losses.
3. Margin Requirements:
- Margin is the amount of money required to open a leveraged position. Brokers set margin requirements based on the leverage ratio. For example, with 100:1 leverage, a $1,000 position would require a $10 margin.
4. Minimum Deposit:
- The minimum amount required to open an account varies by broker. Some brokers offer accounts with no minimum deposit, while others may require hundreds or thousands of dollars.
5. Trading Platforms:
- Brokers provide various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and proprietary platforms. The choice of platform affects the tools, charts, and features available to traders.
6. Execution Methods:
- Market Execution: Orders are executed at the best available price in the market. There may be slippage, especially during high volatility.
- Instant Execution: Orders are executed at the price shown on the platform. If the price changes before execution, the order may be rejected (requote).
Keep in mind that shady forex brokers stop making payments and keep the money to themselves. Hence, you should always check the broker reviews to see if the broker’s payment methods work properly.
We recommend working with a reliable and trusted broker.
Fusion Markets Customer Service: Do They Handle Complaints Well?
Fusion Markets provides 24-hour customer assistance via a variety of methods, including live chat, email, and phone. This thorough support guarantees that traders receive fast assistance with their concerns and issues, which improves the entire trading experience.
The live chat tool gives traders instant access to support representatives, allowing them to handle issues quickly and effectively. This real-time support is especially useful for urgent questions and technical concerns.
In addition to live chat, Fusion Markets provides email and phone assistance, allowing clients to choose their preferred mode of communication. This flexibility enables traders to obtain assistance in a way that meets their requirements and preferences.
Good customer service is vital for any trader.
You should always check if a forex broker remains accessible to its customers and whether it offers multiple contact channels or not.
The most popular ways for recent customers are live chat and email.
While email is becoming a bit obsolete, it is still among the most common methods for a customer to contact the support staff of a broker.
In the case of Fusion Markets, it’s clear that they offer proper customer support with a significant variety of ways to contact them.
According to multiple users, Fusion Markets’s customer support is quite active and responds promptly to general queries and grievances.
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Fusion Markets Reviews: What Do Others Say?
Based on user-submitted reports, most of the Fusion Markets reviews are quite positive.
Customers praise the company for its prompt customer service and trader-friendly conditions.
However, it’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
While Fusion Markets doesn’t seem like a shady broker, many others rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why we recommend doing extensive research on forex brokers before finalizing your selection.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Fusion Markets, however, we noticed that their reviews are legitimate.
Unlike their competitors, it seems Fusion Markets has put in a lot of resources into providing its traders with specialized customer service. This way, their customers remain happy and satisfied with their experience.
Also, we didn’t notice many significant Fusion Markets complaints. However, if you have any Fusion Markets reviews to share, feel free to contact us or share them in the comment section.
You should always look out for consumer complaints. The most common complaints in forex are usually regarding:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Fusion Markets? You can share your complaint in the comment section or submit an anonymous tip.
Is Fusion Markets Legit Or a Scam?
The company’s emphasis on offering a wide range of account types and trading instruments guarantees that traders may find the tools and resources they require to thrive in the financial markets. Fusion Markets proves its commitment to providing a safe and user-friendly trading environment by maintaining a strong regulatory framework and providing great client assistance. Fusion Markets provides a variety of options to match your trading needs, whether you are a new trader looking to learn the ropes or an experienced trader searching for sophisticated features and affordable pricing.
Fusion Markets is a regulated entity. They are licensed and operate under the watch of a major financial regulator.
So, it’s clear that Fusion Markets is a legit forex broker.
You should avoid working with unregulated brokers. The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind the unregulated broker can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
However, that’s not the case with Fusion Markets. It’s clear in our Fusion Markets broker review that they are a legitimate entity and enjoy a positive reputation in the market.
Can You Trust KEYWORD?
All the evidence suggests that Fusion Markets is legit. However, we recommend checking out more options before finalizing your choice.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of their reliability.
Frequently Asked Questions
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